Traders can use X90 to buy and sell CFD instruments at the current market price (within the price spread that is set for the specific instrument). X90 offers Order Types which are available on our Trading Platform. Limit Orders is available to assist you in minimizing your risk.
A Stop Limit Order is a way to protect your profits, should the instrument price (Forex, Stock, Commodity or Index) move favorably. The stop limit order instructs X90 to close a position when, and if, the instrument reaches a certain price.
A Stop Loss Order is a way to protect yourself from a loss, should the instrument price (Forex, Stock, Commodity or Index) move unfavorably. The Stop Loss Order instructs X90 to close the position when, and if, the instrument reaches a certain price.
When the stock reaches this price, the Stop Loss Order becomes a Market Order. A Market Order instructs X90 to immediately close the position at the best price. In a volatile market, you may not get exactly the price you wanted, but it should be close to the price set.
The Stop Loss Order can be used to protect profits on a stock that is moving favorably. You decide the price to close a position at and the Stop Loss Order instructs X90 to close the position if this price is reached.